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HEG Ltd P/E Ratio

HEG Ltd P/E Ratio

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HEG Ltd

NSE: HEG

PE

28.5

Last updated : 20 Jun 05:04 AM

Key Highlights

    The P/E Ratio of HEG Ltd is 28.5 as of 20 Jun 05:04 AM .a1#The P/E Ratio of HEG Ltd changed from 2.7 on March 2019 to 6.7 on March 2023 . This represents a CAGR of 19.93% over 5 years. a1#The Latest Trading Price of HEG Ltd is ₹ 2296 as of 20 Jun 10:28 .a1#The PE Ratio of Capital Goods-Non Electrical Equipment Industry has changed from 10.6 to 33.9 in 5 years. This represents a CAGR of 26.18%a1# The PE Ratio of Automobile industry is 11.3. The PE Ratio of Capital Goods-Non Electrical Equipment industry is 29.5. The PE Ratio of Finance industry is 31.6. The PE Ratio of IT - Software industry is 28.9. The PE Ratio of Retail industry is 142.7. The PE Ratio of Textiles industry is 7.2. In 2024a1#The Market Cap of HEG Ltd changed from ₹ 8082 crore on March 2019 to ₹ 3553 crore on March 2023 . This represents a CAGR of -15.16% over 5 years. a1#The Revenue of HEG Ltd changed from ₹ 743.28 crore to ₹ 611.21 crore over 8 quarters. This represents a CAGR of -9.32% a1#The EBITDA of HEG Ltd changed from ₹ 205.35 crore to ₹ 105.44 crore over 8 quarters. This represents a CAGR of -28.34% a1#The Net Profit of HEG Ltd changed from ₹ 133.56 crore to ₹ 32.91 crore over 8 quarters. This represents a CAGR of -50.36% a1#The Dividend Payout of HEG Ltd changed from 10.12 % on March 2019 to 36.01 % on March 2023 . This represents a CAGR of 28.90% over 5 years. a1#

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P/E Ratio Over Time

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share. P/E Ratio Formula P/E ratio = (CMP of share/ Earning per share) Types of Price to Earning Ratio 1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance. 2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

P/E Ratio Over Time

Period
Mar '192.7
Mar '2027.7
Mar '210
Mar '2212.3
Mar '236.7

Fundamental Metrics

Market Cap

8,898 Cr

EPS

80.8

P/E Ratio (TTM) *

28.5

P/B Ratio (TTM) *

2.0

Day’s High

2325.35

Day’s Low

2290.0

DTE *

0.1

ROE *

7.0

52 Week High

2744.6

52 Week Low

1466.85

ROCE *

8.5

* All values are consolidated

Last Updated time: 20 Jun 05:04 AM

* All values are consolidated

Last Updated time: 20 Jun 05:04 AM

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HEG Ltd

NSE: HEG

PRICE

2296.65

-8.80 (-0.38%)

stock direction

Last updated : 20 Jun 10:28

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PRICE

The current market price or CMP refers to the price at which the securities are trading in the share market. Current price in Over-the-counter costs: The following current price depends upon the bid price & the asking price when a financial asset is sold over-the-counter(OTC). Current Price in Bond Market: The current price of a bond is determined by measuring the actual interest rate against the bid-related interest rate. The par or the face value is then calculated to represent the remaining interest payments due which occur before the maturity of the bond.

Share price Over Time

1M

1Y

3Y

5Y

* All values are in Rupees

SWOT Analysis Of HEG Ltd

Strength

4

S

Weakness

2

W

Opportunity

0

O

Threats

1

T

Asset Value vs Market Value

Market Value

8,898

Asset Value

2,730

2.3 X

Value addition

* All values are in Rupees

PE Ratio Over Market Cap

Company NamePEMarket Cap (INR Cr.)
Cummins India Ltd61105,163
Thermax Ltd10360,892
Carborundum Universal Ltd7434,225
Jyoti CNC Automation Ltd20330,726
Grindwell Norton Ltd7930,379
HEG Ltd288,898

Key Valuation Metric

Earnings

311 Cr

28.6 X

PE Ratio

Market Cap

₹8898Cr

PE Ratio

PS Ratio

PB Ratio

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share.


P/E Ratio Formula


P/E ratio = (CMP of share/ Earning per share)


Types of Price to Earning Ratio


1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance.
2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

PE Ratio

PS Ratio

PB Ratio

Earnings

311 Cr

28.6 X

PE Ratio

Market Cap

₹8898Cr

PE Ratio

PS Ratio

PB Ratio

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share.


P/E Ratio Formula


P/E ratio = (CMP of share/ Earning per share)


Types of Price to Earning Ratio


1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance.
2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

PE Ratio of Capital Goods-Non Electrical Equipment Industry over time

PE Ratio of Top Sectors

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Market Cap Over Time

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Market Cap Over Time

Period
Mar '198082
Mar '201871
Mar '215651
Mar '225303
Mar '233553

* All values are a in crore

×

Revenue Over Time

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Revenue Over Time

Period
Jun '22743
Sep '22618
Dec '22570
Mar '23659
Jun '23698
Sep '23677
Dec '23592
Mar '24611

* All values are a in crore

×

EBITDA Over Time

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

EBITDA Over Time

Period
Jun '22205
Sep '22198
Dec '22172
Mar '23166
Jun '23177
Sep '23165
Dec '23117
Mar '24105

* All values are a in crore

×

Net Profit Over Time

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Net Profit Over Time

Period
Jun '22134
Sep '22130
Dec '22105
Mar '23100
Jun '2397
Sep '2396
Dec '2344
Mar '2433

* All values are a in crore

×

Dividend Payout Over Time

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Dividend Payout Over Time

Period
Mar '1910
Mar '20181
Mar '21-46
Mar '2240
Mar '2336

* All values are a in %

About HEG Ltd

About HEG Ltd

    HEG Limited, incorporated in Oct' 72, is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant at Mandideep in Madhya Pradesh. The company also operates three power generation facilities with a total rated capacity of about 76.5 MW. The power generation primarily fuels the graphite electrode manufacturing operations, with the surplus being sold in the open market. The company produces two grades of graphite electrodes, High Power and Ultra High Power, which are manufactured according to the customers' needs and requirements. The company is a major exported of graphite electrode, with a number of respected steel manufactures, namely ArcelorMittal, POSCO, Thyssenkrupp, US Steel, Nucor and Usinor in their customer base. HEG Ltd (earlier known as Hindustan Electro-Graphites Ltd) was incorporated in the year 1977. The company is a premier company of the LNJ Bhilwara group. They started as an importer of electrodes and latter turned to production of Graphite electrodes with financial and technical assistance from La Societe Des Electrodes Et Refractories Savoi, a subsidiary of Pechiney, France. In the year 1992, the company and Rajasthan Spinning & Weaving Mills Ltd jointly promoted a 100% export oriented unit for cotton mills went into production. During the year 1995-96, the company completed the 9216 spindles and modernization of Rishabhdev unit with Autocover at a total cost of Rs 33 crore. During the year 1996-97, the company expanded the graphite division to the total capacity of 24000 tons. They commissioned the 13.5 MW Tawa hydroelectric power plant, the first hydroelectric project by private sector in the state of Madhya Pradesh. Also, they commissioned the 12.8 MW co-generation power unit during the year. During the year 1998-99, Rishabhdev unit successfully commissioned a 4.2 MW Wartsaila Generating set for captive consumption of the Textile Division. During the year 2000-01, the company exited from the telecom sector, which was a joint venture with Motorola as the same was not germane to the existing businesses. During the year 2001-02, the company expanded the installed capacity of Graphite Electrodes to 30000 MT per annum at a cost of Rs 47 crore and they discontinues the operations at their textile unit in Jammu as the unit became unviable during the year 2002-03. The company de-merged the textile business located at Rishabhdev in Rajasthan with effect from April 1, 2003, which was merged with the Rajasthan Spinning & Weaving Mills Ltd. They set up a new kiln with an additional capacity if 30000 MTPA for Sponge Iron during the year 2003-04. During the year 2004-05, the company increased the production capacity of Graphite Electrodes at Mandideep from 30000 to 52000 MT per annum. Also they commissioned a new 25 MW Captive Power Plant at Mandideep. The company entered into a joint venture with Statkraft Norfund Invest AS (SN Power), Norway for setting up Hydro Power Generation projects in India. Also, they added another prestigious partner, International Finance Corporation, Washington, as Equity Holders in the AD Hydro Power Project. During the year 2005-06, the company acquired Jaipur Polyspin Ltd to manufacture Synthetic dyed Blended Yarn. Also, they acquired an open-end plant with 1680 rotors from Phillipines. The company introduced ready-to-wear Apparels, manufactured at a newly set up unit in Bangalore. Also, they commissioned Hydro Electric Project in Malana. In April 2007, the company made an investment of Rs 35 crore towards de-bottleneckingin the graphite electrode plant. In July 2007, the company sold their fully integrated steel business, which includes sponge iron, steel billets and a 13MW waste heat recovery power system power plant to Jai Balaji Industries Ltd of Kolkata. HEG Ltd ramped up production during the later part of the financial year 2013-14 to fulfill customer's delivery commitments. During the year under review, the company widened its raw material supplier base, optimised its power consumption, improved operational efficiencies and achieved new customer approvals. FY 2015 was one of the most challenging years for HEG Ltd as the graphite electrode industry saw erosion in margins. During the year under review, HEG Ltd took major initiatives to usher in qualitative improvement. A keen emphasis was laid on optimising costs across all operational and commercial areas. The company's focus on reducing working capital continued to show improvements in the level of plant inventories, receivables and other current assets, thereby releasing cash for productive purposes. During the financial year ended 31 March 2016, HEG Ltd focused on improving operating and cost parameters to counter the impact of fall in graphite electrode prices. By reformulating its operational management discipline and undertaking several cost-cutting measures HEG Ltd was able to reduce the impact of declining profit margins. Reduced capacity utilisation as a result of reduced demand, provided the time and space to the management to figure out ways and means to efficiently utilise the capacities at its disposal. New recipes for both electrodes and nipples were introduced for better quality. A keen emphasis was laid on optimising costs across all operational and commercial areas. The company's effort to match reduced levels of capacity utilisation with corresponding reduction in working capital paid off. HEG's thermal plant continued to operate at significantly reduced levels during the year. The company continued to optimise coal consumption and usage of power. The Board of Directors of HEG Ltd at its meeting held on 30 May 2017 accorded its in-principle approval for closure of its wholly owned subsidiary i.e. HEG Graphite Products and Services Limited. This wholly owned subsidiary was incorporated in the year 2009 but never carried out any commercial operation. The financial year ended 31 March 2018 was a record year for HEG Ltd largely driven by favourable tailwinds- robust growth in demand even as supply remained constrained, leading to a significant rise in product price realisation. This resulted in the best ever financial numbers. The company registered its ever highest ever net profit of Rs 1,081.34 crore. The company registered the highest electrode production at 64,000-plus MT in 2017-18 against 50,000 MT level in 2016-17. Even as demand surged, the company continued to strengthen its operational efficiencies. The company repaid its entire long-term debt and has plans to invest the cash surplus in avenues that enable it to sustain its growth momentum. During the Financial Year 2018-19, the paid up share capital of the Company was reduced from Rs 39,95,91,420 to Rs 38,59,55,060 owing to Buyback of 13,63,636 Equity Shares of Rs 10 each. During FY 2019-20, the Company acquired 3,23,51,004 equity shares of Bhilwara Energy Ltd. from other shareholders for a consideration of Rs 162.05 Crores and post the above acquisition of shares, the holding of Company in BEL, was increased from 29.48% to 49%. During the year 2022-23, the Company incorporated a whollyowned subsidiary in the name of TACC Limited.

HEG Ltd News Hub

News

Board of HEG recommends final dividend

HEG announced that the Board of Directors of the Company at its meeting held on 22 May 202...

Read more

23 May 202410:23

News

HEG drops as Q4 PAT slides 67% YoY to Rs 33 cr

Profit before tax in fourth quarter of FY24 was at Rs 46.37 crore, down 62.95% from Rs 125...

Read more

23 May 202412:11

News

HEG Ltd leads losers in 'A' group

Team Lease Services Ltd, Star Cement Ltd, Hindustan Zinc Ltd and GMM Pfaudler Ltd are amon...

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23 May 202415:00

News

HEG revises board meeting date

HEG has revised the meeting of the Board of Directors which was scheduled to be held on 24...

Read more

30 Apr 202409:40

News

HEG to table results

HEG will hold a meeting of the Board of Directors of the Company on 24 May 2024. Powered b...

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03 Apr 202417:16

News

HEG drops as Q3 PAT slides 58% YoY to Rs 44 cr

Revenue from operations stood at Rs 562.40 crore in December 2023 quarter, registering a g...

Read more

13 Feb 202412:54

Product Composition by Percentage (Revenue)

FAQs for PE of HEG Ltd

What is HEG Ltd current share price?

The current market price of HEG Ltd as of June 20, 2024 is ₹2296.65.

What is HEG Ltd's market cap?

HEG Ltd's market capitalisation stood at ₹8,898 Cr as of June 20, 2024

What are HEG Ltd's total net assets?

According to HEG Ltd's most recent financial filings, the company's net assets total ₹2729.6 Cr.

Is HEG Ltd making a profit or loss?

HEG Ltd's net Profit as of June 20, 2024 is close to ₹311 Cr.
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